Exelon (NASDAQ:EXC) Issues FY 2022 Earnings Guidance

Exelon (NASDAQ:EXCGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $2.18-$2.32 for the period, compared to the consensus EPS estimate of $2.26. The company issued revenue guidance of -.

Shares of NASDAQ:EXC traded up $0.74 during trading on Monday, reaching $47.89. The company had a trading volume of 4,332,429 shares, compared to its average volume of 9,611,548. The company has a fifty day moving average of $47.16 and a two-hundred day moving average of $49.66. The stock has a market capitalization of $46.94 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Exelon has a 12 month low of $31.25 and a 12 month high of $50.71. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.51.

Exelon (NASDAQ:EXCGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Exelon had a net margin of 8.15% and a return on equity of 10.87%. During the same quarter in the previous year, the firm posted ($0.06) EPS. As a group, equities research analysts predict that Exelon will post 2.27 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.35 dividend on an annualized basis and a yield of 2.82%. Exelon’s dividend payout ratio is currently 50.94%.

A number of analysts have recently commented on EXC shares. Morgan Stanley reduced their price target on shares of Exelon from $54.00 to $52.00 and set an overweight rating for the company in a research note on Monday. JPMorgan Chase & Co. upgraded shares of Exelon from a neutral rating to an overweight rating and lifted their price objective for the company from $47.00 to $55.00 in a research report on Wednesday, April 20th. Mizuho upgraded shares of Exelon from a neutral rating to a buy rating and boosted their price target for the stock from $43.00 to $46.00 in a research report on Friday, March 11th. Vertical Research lowered shares of Exelon from a buy rating to a hold rating and set a $45.00 target price for the company. in a research note on Thursday, February 3rd. Finally, Zacks Investment Research raised shares of Exelon from a sell rating to a hold rating and set a $53.00 price objective for the company in a research note on Tuesday, April 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $48.00.

In other news, Director William P. Bowers purchased 4,500 shares of the company’s stock in a transaction on Tuesday, March 22nd. The stock was bought at an average cost of $43.56 per share, for a total transaction of $196,020.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Fabian Souza sold 21,400 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $47.61, for a total value of $1,018,854.00. Following the completion of the sale, the senior vice president now owns 2,337 shares of the company’s stock, valued at approximately $111,264.57. The disclosure for this sale can be found here. In the last three months, insiders sold 29,813 shares of company stock worth $1,405,947. Corporate insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. increased its position in shares of Exelon by 5.0% during the 1st quarter. Moors & Cabot Inc. now owns 7,389 shares of the company’s stock valued at $352,000 after purchasing an additional 354 shares during the period. Wsfs Capital Management LLC acquired a new stake in shares of Exelon in the first quarter worth $332,000. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Exelon by 3.9% in the first quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company’s stock worth $310,000 after buying an additional 266 shares during the period. Horizon Investments LLC boosted its position in Exelon by 15.0% during the fourth quarter. Horizon Investments LLC now owns 7,470 shares of the company’s stock valued at $308,000 after purchasing an additional 974 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Exelon by 16.9% during the first quarter. Orion Portfolio Solutions LLC now owns 6,395 shares of the company’s stock valued at $305,000 after purchasing an additional 926 shares during the last quarter. 80.35% of the stock is owned by hedge funds and other institutional investors.

Exelon Company Profile (Get Rating)

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Earnings History and Estimates for Exelon (NASDAQ:EXC)

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